If these numbers are true, then great. Last quarter they had 3600 and only onboarded 600 - that isnt really good enough tbh. Would take a year to onboard those 7000. Not sure what is happening, it's also strange they aren't giving a timeline on these. If they onboarded these 7000 in addition to getting another 2.5k per quarter (less than the apparently pipeline) they'd be at 20k users by year end. I am extremely sceptical of these numbers right now.
This slide is significant though, a very big bump 2 quarters in a row - and the chinapay options only just started.
The entitlement again didn't go well, theres 100m shares out there at 2c a share that need to churn through. But at their previous 12m burn, with the R&D refund, should comfortably give them 12 months.
Felt like we had significant momentum for a bit there, now not looking so good.
The next 12 months, the entire focus should be whoring themselves out anyway possible and getting the shareprice above 4c so people exercise their options before end of 2025 for more cashflow.
RNT Price at posting:
2.0¢ Sentiment: None Disclosure: Held
